Many investors are familiar with the concept of DCA (dollar-cost averaging) and this technique is sometimes said to offer cost savings (i.e. lowering the cost basis of the investments).
The paper Lifetime Dollar-Cost Averaging: Forget Cost Savings, Think Risk Reduction by Robert Dubil in the FP Journal however argues that
… the cost benefit of dollar-cost averaging […]
Investors interested in commodity futures investments should at least have some understanding of the concept of contango and backwardation. This article from Smartmoney tries to explain this with reference to the newly listed crude oil ETF.
Sue Stevens talks to John (Jack) Bogle about his portfolio in a recent article on Morningstar.
Jack’s portfolio is approximately 60% fixed income, 40% equity. The funds are
Equity
VG Total stock market index
VG 500 index
VG Extended market index
VG Explorer
VG Windsor
Fixed income
VG Intermediate bond index
VG Inflation-protected securities
VG Limited-term tax-exempt
Balanced fund (legacy)
VG Wellington
VG Wellesley
A few final words from Jack: […]
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